RWE

Toshiba plots bid for Britain’s nuclear fuel maker

Monday, January 21, 2013

LONDON (MarketWatch) -- Toshiba Corp. is weighing plans to bid for Urenco, the nuclear fuel producer backed by the U.K., the Netherlands and two German energy giants, the Sunday Times reports without citing sources.

The newspaper says the Japanese industrial giant, which owns the nuclear reactor builder Westinghouse Electric, wants to bid for the business if and when it comes on the market.

Urenco, which enriches uranium for nuclear fuel, is owned by the U.K. and Dutch governments and German firms RWE A.G. and E.ON S.E., who own a third each.

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Dutch nuclear future unresolved as political coalition looms

Thursday, September 13, 2012

A likely political coalition between the Netherland's pro-nuclear VVD party and the antinuclear PvdA party after Wednesday's inconclusive election result will almost certainly put plans for a new nuclear power station at Borssele on hold.

The center-right VVD party led the polls Wednesday with 26.5%. The center-left Labour PvdA party came a close second with 24.8%.

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Germany may set up nuclear waste fund

Friday, April 13, 2012

The German government ill consider setting up a publicly administered fund to manage the disposal of nuclear waste from its power plants, environment minister Norbert Röttgen said following the publication of a Greenpeace report on Wednesday.

Greenpeace has called for a public fund because it fears German nuclear operators Eon, RWE, EnBW and Vattenfall may go bankrupt or try to wriggle out of their obligations after 2022, when the last of Germany’s reactors are due to close.

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E.ON, RWE drop UK nuclear plans - sources

Thursday, March 29, 2012

(Reuters) - German utilities E.ON and RWE have shelved their plans to build new nuclear plants in Britain, sources told Reuters on Thursday.

"The companies want to withdraw from that," said a source close to the companies and informed about the developments. Both companies and their joint venture Horizon declined to comment.

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Bulgaria abandons Belene nuclear plant plans

Wednesday, March 28, 2012

SOFIA, March 28 (Reuters) - Bulgaria has abandoned plans to build the 2,000 megawatt Belene nuclear power plant on the Danube River and will construct a new gas power plant instead, Prime Minister Boiko Borisov said on Wednesday.

The Belene project has failed to attract serious foreign investors in the past three years after Germany's RWE pulled out in 2009 due to funding concerns.

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RWE AG : Dutch Utility Delta Shelves Plan To Build 2nd Nuclear Plant

Monday, January 23, 2012

AMSTERDAM -(Dow Jones)- Dutch utility Delta NV said Monday it has shelved its plan to build a second nuclear plant in the Netherlands, in the latest example of waning appetite for atomic power in Europe.

Delta NV, which aimed to build the plant together with Germany's RWE AG, said the current market climate makes it no longer viable to move ahead with the project and that it will shelve its plans for two to three years.

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RWE weighs up sale for UK co-owned Urenco

Sunday, October 16, 2011

German energy giant RWE has appointed advisers for a strategic review of Urenco the nuclear power company it co-owns with the British and Dutch government.

The move could press the UK Government to formalise its own strategy on disposal of the company, which is expected to net UK taxpayers 1bn.

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RWE reviews involvement in UK nuclear programme

Sunday, October 16, 2011

The government's energy policy took another blow on Friday as major energy provider RWE reviewed whether to scale down or abandon its UK nuclear programme.

The German-owned utility, which owns the npower supply business, has started an internal probe of its plans to construct two possible atomic power stations at Wylfa in Wales and Oldbury in Gloucestershire.

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Sellafield Mox nuclear fuel plant to close

Monday, August 22, 2011

The Mox nuclear fuel plant at Sellafield was closed on Wednesday, with the loss of around 600 jobs.

The closure is a consequence of the Fukushima incident in Japan in March, which has closed down much of the nuclear industry there and led to a rethink of nuclear power around the world. But the government said the move had "no implications" for the UK's plans for new nuclear reactors.

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German watchdog would examine any Gazprom-RWE deal

Friday, July 15, 2011

FRANKFURT/DUESSELDORF, July 11 (Reuters) - Germany's cartel office said on Monday it would "closely" examine any investment by Gazprom in RWE after reports the weakened German utility was open to an investment by the Russian gas monopoly.

Essen-based RWE has been hit by loss-making gas contracts and weak power prices, and is also under threat from a German tax on nuclear fuel that came into effect this year.

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